US EIA Refinery Crude Runs Change (Mar/20) 0.366M (Prev. 0.063M)
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US EIA Refinery Crude Runs Change (Mar/20) 0.366M (Prev. 0.063M)
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EIA Expectations: Crude -0.6M, Distillate -1.0M, Gasoline -2.0M
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Context
The increase in US EIA refinery crude runs to 0.366M from the previous 0.063M indicates a notable uptick in refinery activity, which can signal stronger demand for crude oil. This shift could impact crude prices, particularly if it points towards rising consumption trends or adapts to ongoing geopolitical developments affecting supply. Traders should watch for any subsequent reactions in both WTI and Brent markets as these figures may influence sentiment concerning oil supply dynamics.
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